Marketing, Promotional and Advertising Costs

Marketing, promotional and advertising costs are expensed as incurred and are included as an element of selling, general and administrative expense in the consolidated statement of operations. Marketing, promotional and advertising costs were immaterial for the years ended December 31, 2021, 2020 and 2019.

Recently the media reported that SpaceX is buying ads on Twitter. Therefore I am creating this slightly different market (because this one is easily auditable!) that will resolve to YES if Tesla has material advertising costs on their SEC Financials.

For comparison, Ford reported $3.1B in advertising spending in 2021 and General Motors spent $3.3B.